Earth economics studies the economy of our planet from the perspective of an autarkic system (a “closed economy”). It ignores the constituent national and regional parts of the planet economy and focuses on the whole. The book respects the heritages of IS/LM (Keynes) and neoclassical growth (Solow) not out of economic respect but because these tools are very useful in understanding the crisis and the policy response to that crisis.

Malaysia’s
structural transformation from low to middle income has made it one of the most
prominent manufacturing exporters in the world. However, in the
competitive global economy, like many other middle-income economies, it is sandwiched
between low-wage economies on one side and more innovative advanced economies
on the other. What can Malaysia do? Does Malaysia need a new growth
strategy